Americas ETP News
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U.S. Weekly FundFlows Insight Report: Despite Market Rally, Investors Are Net Redeemers of Equity Funds and ETFs for the Week
June 7, 2018--For the seventh week in a row investors were net purchasers of fund assets (including those of conventional funds and ETFs) in general, adding a little more than $29.6 billion for Thomson Reuters Lipper's fund-flows week ended June 6, 2018. However, the headline number was misleading.
Despite upbeat economic reports and a market rally during the flows week, fund investors were net redeemers of equity funds (-$4.3 billion) and taxable bond funds (-$1.2 billion). Perhaps as a result of continuing trade war and geopolitical concerns, money market funds (+$34.9 billion) were the primary recipients of investor assets, followed at a distance by municipal bond funds (+$189 million).
Market Wrap-Up
During the flows week investors generally shrugged off trade war concerns and cheered a better-than-expected nonfarm jobs report, a possible resolution to Italy’s political woes, and a rally in tech and financial issues.
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Source: Thomson Reuters
Bitcoin endorsement from SEC could provide a regulatory domino effect
June 7, 2018--Lack of clarity on the regulation of cryptocurrencies has proved to be a major barrier for institutional investors looking to trade digital assets.
Institutional investors are waiting for regulatory approval from the US Securities and Exchange Commission (SEC) before stepping into the cryptocurrency trading world< according to experts.
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Source: Thetradenews.com
EquBot Announces the Launch of the AI Powered International Equity ETF (AIIQ)
June 6, 2018--EquBot, a leader in combining deep financial analysis with the cognitive power of artificial intelligence (AI), today announced the launch of the AI Powered International Equity ETF (NYSE Arca:AIIQ).
Firm expands its AI-focused ETF offerings with new fund that targets opportunities in developed international markets outside the U.S.
EquBot, a leader in combining deep financial analysis with the cognitive power of artificial intelligence (AI), today announced the launch of the AI Powered International Equity ETF (NYSE Arca:AIIQ).
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Source: EquBot
Amplify ETFs Launches Amplify Advanced Battery Metals and Materials ETF (NYSE Arca: BATT)
June 6, 2018--Lithium, Cobalt, Nickel, Manganese and Graphite exposure through publicly-traded companies
Amplify ETFs announces the launch of the Amplify Advanced Battery Metals and Materials ETF (NYSE Arca: BATT), a professionally managed ETF that seeks to provide exposure to Lithium, Cobalt, Nickel, Manganese and Graphite via publicly-traded stocks.
Companies in the portfolio are principally engaged in the business of mining, exploration, production, processing or recycling of advanced battery metals and materials. BATT constituents must derive 50% or more of their revenue, or be in the top five and have at least 10% of global market share, of any advanced battery material.
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Source: Amplify ETFs
How Vanguard, BlackRock and State Street---which manage RIA trillions of AUM for a pittance--may artfully make the bill come due by beating active managers at their own game
June 6, 2018--The ETF giants' latest mutual fund-killing trick is free management of ETF portfolios---perhaps the seeds of a massive freemium model
Brooke's Note: Just when you think it can't get any better for RIAs looking to cut costs, improve quality and scale their businesses without making additional hires, it does.
The bad news for RIAs is that investment management is no longer enough to compete long run for client assets. The good news is that less effort and cost is demanded by the day to do a bang-up job managing assets. First ETF groceries. Now prepared ETF meals---backed by big brands. Managed ETF portfolios compliments of the ETF-maker already operating at razor-thin margins is a happy sleeper offshoot of the robo-advisor movement and the unrelenting one-upping done by the world's biggest asset managers.
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Source: RIAbiz.com
CSA Investor Alert: Caution urged for Canadians investing with crypto-asset trading platforms
June 6, 2018--The Canadian Securities Administrators (CSA) is urging Canadians to be cautious when considering buying crypto assets through trading platforms. Even though a platform may call itself an "exchange," that does not mean it is complying with the securities regulatory regime.
The CSA wants to make it clear: currently there are no crypto-asset trading platforms recognized as an exchange or otherwise authorized to operate as a marketplace or dealer in Canada.
"We want investors to understand that just because a platform may advertise itself as an exchange, that does not mean the platform is complying with applicable securities regulations," said Louis Morisset, Chair of the CSA and President and CEO of the Autorité des marchés financiers.
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Source: Canadian Securities Administrators
VanEck and SolidX Join Forces to Bring to Market Physically-Backed Bitcoin ETF
June 6, 2018--Agreement brings together two leaders in the digital assets space
VanEck was first to file for a 40-Act Bitcoin ETF; SolidX among the first for a physically-backed bitcoin ETF
VanEck today announced that it will partner with SolidX to list a physically-backed bitcoin ETF that will be insured against loss or theft of bitcoin. SolidX will act as the sponsor of the ETF and VanEck will provide marketing services.
The two firms will work jointly with regulators. VanEck was the first to file for a bitcoin ETF registered under the Investment Company Act of 1940 in August 2017, while SolidX in March 2016 was among the first to file under the Securities Act of 1933 for a physically-backed bitcoin ETF that would reflect the performance of the price of bitcoin.
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Source: VanEck
CFTC.gov Swaps Report Update
June 6, 2018--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
OECD-Amid strong outlook for U.S. economy, risks abound
June 6, 2018--The U.S. economy is experiencing one of the longest expansions on record, but the scars left by the Great Recession, as well as challenges posed by globalization and automation shocks, remain visible across the country, according to a new report from the OECD.
The latest Economic Survey of the United States presents a robust near-term outlook: private consumption remains solid, driven by a strong job market and high levels of consumer confidence. Against this backdrop, GDP growth is set to increase by 2.9% in 2018, and 2.8% in 2019. The Survey notes that the recent U.S. tax reform-combined with higher public spending ceilings in 2018 and 2019 -will provide a fiscal stimulus of around 1% of GDP in both years, representing a sizeable short-term boost to growth. Plans to reduce regulatory burdens should also help foster business dynamism.
However, risks to the outlook remain sizable. Elevated leverage ratios in the corporate sector will need careful monitoring, while emerging interest rate differentials between the U.S. and other major currencies may contribute to an appreciation of the dollar.
view the OECD Economic Survey of the United States 2018
Source: OECD
BNY Mellon DR Index Monthly Performance -May 2018
June 6, 2018--The BNY Mellon DR Index Monthly Performance for May 2018 report is now available.
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Source: BNY Mellon
